Operational Risk & Control / AVP

Job Description: Operational Risk & Control Assistant Vice President (RCSA Execution)

Location: NYC

Level: Assistant Vice President (AVP)

Division: Non-Financial Risk Management – Operational Risk

Role Summary:

We are seeking Operational Risk & Control professionals to place in a long-term consulting role with our client, a top investment bank in NYC. These individuals will play a pivotal role in supporting the execution of Risk and Control Self-Assessments (RCSAs) from a second-line of defense perspective as part of our client's commitment to strengthening the operational risk framework.

The ideal candidates will have strong expertise in RCSA execution, scenario analysis, control testing, and data analysis tools. They will collaborate closely with front-office teams and other stakeholders to assess and manage non-financial risks while contributing to the development of Key Risk Indicators (KRIs) and robust control frameworks.

This role is part of our strategy to build a permanent team, offering a high likelihood of conversion to a permanent position for high-performing candidates.

Key Responsibilities:

• RCSA Execution:
• Lead the execution of Risk and Control Self-Assessments (RCSAs) from a second-line perspective.
• Collect and analyze data, conduct interviews with front-office teams, and identify key risks and control gaps.
• Partner with first-line teams to enhance risk management practices and ensure alignment with enterprise frameworks.
• Operational Risk Activities:
• Conduct scenario analysis and identify potential areas of operational risk exposure.
• Perform control testing and contribute to the design and implementation of effective mitigation strategies.
• Monitor and manage Key Risk Indicators (KRIs) to track and report risk trends.
• Data Analysis & Tools:
• Use advanced data analysis tools such as Power BI, Tableau, Excel (Pivot tables, advanced formulas, charts), and SQL to process and analyze risk data.
• Develop insights and actionable recommendations based on data trends to enhance risk management strategies.
• Maintain data accuracy and integrity in operational risk reporting systems.
• Stakeholder Collaboration:
• Work closely with front-office teams to gather insights, assess operational processes, and support risk assessments.
• Partner with cross-functional teams to ensure effective governance and control frameworks across the organization.
• Reporting:
• Prepare and deliver operational risk reports and presentations to senior stakeholders and risk committees.
• Leverage data visualization tools (e.g., Power BI, Tableau) to present complex risk data in an easily digestible format.

Qualifications & Experience:

• 4 years of experience in operational risk management, RCSA execution, or related functions within a financial institution.
• Proven expertise in RCSA execution, scenario analysis, control testing, and data analysis tools.
• Strong knowledge of Key Risk Indicators (KRIs) development and management.
• Proficiency in data analysis tools such as Power BI, Tableau, SQL, and Excel (advanced features such as Pivot Tables and VLOOKUPs).
• Familiarity with operational risk frameworks and non-financial risk management practices.
• Excellent communication and interpersonal skills with the ability to engage with stakeholders at all levels.
• Strong analytical skills with the ability to work with large datasets and generate insights.
• A Bachelor’s degree in Business, Finance, Risk Management, or a related field.